Subject: File Number S7-07-18: Stop financial advisers from sapping Americans' retirement savings
From: David Cazalet

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

In 1929, there were no regulations on banks and investment houses and
we experienced the Great Depression. In the 1930s, Congress passed laws
restricting what those entities could do legally.
By 2007, the regulations had been watered down and we experienced the
Great Recession. Then, Congress passed the Dodd-Frank Act to protect
the country from reckless speculation and to add an agency to protect
Now, Congress and the Administration have again weakened the
regulations on banks and investment houses and the Administration is
doing all it can to destroy the Consumer Protection Agency.
I'm counting on you to Congress making any further weakening of bank
regulation and to make stronger rules that prevent brokers from taking
advantage of older Americans. Americans who've worked hard to save for
retirement deserve peace of mind about their financial security.


Mr. David Cazalet